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Last kr35.16 SEK
Change Today 0.00 / 0.00%
Volume 128.1K
SSABB On Other Exchanges
Symbol
Exchange
OTC US
Stockholm
Stockholm
Helsinki
Helsinki
Frankfurt
As of 3:39 AM 07/8/15 All times are local (Market data is delayed by at least 15 minutes).

ssab ab - b shares (SSABB) Snapshot

Open
kr35.40
Previous Close
kr35.16
Day High
kr35.40
Day Low
kr35.07
52 Week High
07/24/14 - kr63.70
52 Week Low
01/29/15 - kr34.28
Market Cap
21.1B
Average Volume 10 Days
895.8K
EPS TTM
kr-1.72
Shares Outstanding
245.1M
EX-Date
04/9/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SSAB AB - B SHARES (SSABB)

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ssab ab - b shares (SSABB) Details

SSAB AB produces and sells steel products in Sweden and internationally. It operates in five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The company offers structural steel for sustainable and lightweight solutions; wear plate for maximum payload and service life; cold rolled steel for lightweight and safe components; structural steel for heavy and demanding applications; pre-painted steel for buildings; protection plate for the safety of life and property; and engineering and tool steel. It also provides products include quenched steel, heavy plates, and various strip products, as well as tubes and sections, and infra products. In addition, the company offers hot- and cold-rolled, and heavy plate coils, as well as metal-coated products; beams, merchant bars, hollow sections, and reinforcement bars; aluminum and copper stainless steel and non-ferrous metals; steel tubes and profiles; and steel piles. Further, it provides steel roofs, rainwater systems, and accessories; building components, such as sandwich panels, load-bearing sheets, and façade claddings; solutions for single- and multi-storey commercial, office, and industrial construction, including steel frame, and roof and wall components; and design, installation, and other services. Additionally, the company is involved in the provision of value added services, such as design, processing, logistics, and aftermarket services. SSAB AB markets its steel products under the Hardox, Raex, Domex, Weldox, Optim, Toolox, Armox, and Ramor brand names. It also exports its products. The company offers its products to heavy transport, automotive, energy, material handling, infrastructure, agriculture, construction, manufacturing, and mining industry customers. SSAB AB was founded in 1978 and is headquartered in Stockholm, Sweden.

16,566 Employees
Last Reported Date: 04/27/15
Founded in 1978

ssab ab - b shares (SSABB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ssab ab - b shares (SSABB) Key Developments

SSAB Appoints Jarmo Tonteri as Interim Head of the Ruukki Construction Division Effective July 1, 2015

Jarmo Tonteri has been appointed interim Head of the Ruukki Construction division of SSAB as of July 1, 2015. Jarmo Tonteri will report to the Board of Directors of Ruukki Construction Oy and to the President and CEO of SSAB, Martin Lindqvist. The current head of Ruukki Construction, Marko Somerma, will leave the company as of June 30, 2015.

SSAB Plans to Downsize at the Production Unit in Virsbo

SSAB given notice of operational cutbacks at the production unit Virsbo. The change entails the discontinuation of line pipe production in Virsbo, while the production of expandable rock bolts will continue. With this structural change, SSAB is optimizing and streamlining production in Virsbo to focus on the product that is considered to be profitable in the future. Negotiations will be commenced with the employees' union representatives. The negotiations affect approximately 65 out of the 100 employees at the plant in Virsbo.

SSAB AB Announces Consolidated and Parent Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Maintenance Capex Guidance for the year 2016

SSAB AB announced consolidated and parent earnings and production results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported sales of SEK 15,468 million compared to SEK 9,521 million a year ago. Operating profit was SEK 534 million compared to SEK 26 million a year ago. Profit for the period after financial items was SEK 315 million compared to loss of SEK 135 million a year ago. Profit for the period after tax attributable to parent company shareholders was SEK 284 million or SEK 0.52 per share compared to loss of SEK 50 million or SEK 0.15 per share a year ago. Cash flow from operating activities was SEK 831 million compared to cash flow used in operating activities of SEK 115 million a year ago. Capital expenditure payments in plants and machinery were SEK 494 million compared to SEK 204 million a year ago. EBITDA was SEK 1,501 million compared to SEK 877 million a year ago. EBIT was SEK 564 million. Operating cash flow was SEK 784 million. Improvement in operating profit was primarily driven by lower costs of raw materials, the synergies achieved from the acquisition of Rautaruukki and positive currency effects. Excluding items affecting comparability, operating profit for the first quarter was SEK 564 million, an improvement of SEK 538 million compared with the first quarter last year. This was primarily attributable to lower variable costs (SEK 275 million), higher volumes (SEK 225 million) and improved capacity utilization (SEK 150 million). However earnings were adversely affected by lower prices (SEK 175 million) and negative currency effects (SEK 70 million). Cash flow was affected positively by operating profit, but partly adversely affected by increased tied up working capital, primarily attributable to increased accounts receivable and to SSAB Special Steels' build-up of slab inventory ahead of the relining of the blast furnace in Luleå. Net debt at end of period was SEK 25,634 million compared to SEK 15,144 million a year ago. For the quarter, on parent basis, the company reported operating loss of SEK 51 million compared to SEK 43 million a year ago. Profit for the period after financial items was SEK 691 million compared to loss of SEK 143 million a year ago. Profit for the period after tax was SEK 725 million compared to loss of SEK 112 million a year ago. For the quarter, the company reported total crude steel production of 2,095,000 tonnes and total steel production of 1,791,000 tonnes. Crude steel production was up 2% compared with the fourth quarter 2014 and up 50% compared with the first quarter prior year. Steel production was up 2% compared with the fourth quarter 2014 and was up 44% compared with the first quarter prior year. For 2016, the company will have maintenance CapEx of SEK 1.6 billion to SEK 1.8 billion, yearly basis.

 

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SSABB Competitors

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Company Last Change
AK Steel Holding Corp $3.35 USD +0.04
APERAM SA €32.87 EUR -0.135
Outokumpu OYJ €3.65 EUR +0.002
Salzgitter AG €29.89 EUR -0.16
Yieh United Steel Corp 7.37 TWD -0.01
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SSABB

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Valuation SSABB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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